The stock market, on Thursday, reversed some gains from its previous sessions, indicating a loss of N267 billion from the portfolios of investors. Selloffs in MTN Nigeria, Oando Plc, United Bank For Africa (UBA), Fidelity Bank, FCMB Group, alongside Cadbury and United Capital, amongst other declined stocks, drove the market to a negative terrain. Specifically, the market capitalisation closed at …

The stock market closed bearish last weekend amid energy crises during the week following sharp rises in the price of petrol to between N855 and N1,000 per litre from about N600 per litre, a development that was condemned by the private sector over possible adverse impact on businesses. Analysts opined that the economic reforms of the government, measured by the …

The 2023 Peoples Democratic Party presidential candidate, Atiku Abubakar, has called on President Bola Tinubu’s administration to promptly list the Nigerian National Petroleum Corporation Limited on the Nigeria Stock Exchange. The former Vice President declared that this move aligns with the stipulations set forth by the Petroleum Industry Act. Atiku’s demand follows the recent decision by NNPCL to transfer the …

The Nigeria stock market closed negative in the trading week ended Friday, 12 April, declining by 1.09 per cent. Investors booked about N638 billion loss in the review trading week. In the review week, a remarkable decline in banking, insurance, consumer goods stocks helped push the market southward in the market which traded for only two days due to the …

Share prices at the Nigerian stock market rallied to their highest level yesterday. Positive sentiment on ongoing economic reforms and corporate earnings drove the pricing gauge for the Nigerian market to a new threshold. The All-Share Index (ASI) – the benchmark index that measures pricing trends in the stock market, crossed the 70,000 mark to close yesterday at 70,581.76 points. …

Nigerian equities yesterday opened the week strong with a gain of N412 billion on demand in Dangote Sugar Refinery Plc and 38 others. The All-Share Index (ASI) gained 751.95 points, representing a gain of 1.11 per cent to close at 68,279.14 points. Also, market capitalisation rose by N412 billion to close at N37.370 trillion. The upturn was driven by price …

There are indications that investors in the Nigerian stock market may have started trading cautiously amidst a hazy macroeconomic outlook while awaiting the half-year 2023 (H1’23) financial results of quoted companies. Consequently, the market was dominated by the bears as investors took profits, selling off some positions to realign their portfolios. The key index, Nigerian Exchange Limited (NGX) All-Share Index …